22 Blake Street, Hamilton

$999,900
22 Blake Street

$999,900

New
64d
Detached2 1/2 Storey

22 Blake Street, Hamilton

Total Monthly Obligation $4,936

Beds
5
Baths
4
Park
1
Sqft
2500-3000
DOM
64d
Score
15
Yield
3.5%
Cash on Cash
-9.3%
Cap Rate
2.6%
5Y IRR
8.3%
10Y IRR
8.9%
Property Type-Detached
MLS® Number-X13702812
Beds-5
Bathrooms-4
Size-2500-3000 sqft
Lot Size-40 × 90 ft
Listed on site-Aug 20, 2026
Style-2 1/2 Storey
Building Type-Detached
Age-100+
Taxes-$6,332.88 (2026)
Parking-2 - Detached
Basement-Partially Finished
Heating-Radiant (Gas)
Brokerage-RE/MAX ESCARPMENT REALTY INC.
Cooling-Window Unit(s)
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Stone
Sewer-Sewer
Possession--
Neighbourhood-Blakeley
Title-Residential Freehold

No agent assigned

An exceptional and rare opportunity substantial, fully legal 5-plex that seamlessly balances turn-of-the-century craftsmanship with extensive modern infrastructure updates. Ideally suited for multi-generational families, savvy investors, or primary homeowners seeking mortgage-offsetting rental income, this property offers unparalleled flexibility. The rich interior showcases preserved period details, starting in the foyer with a custom deacon's bench and an impressive bevelled glass wall and door system. The main floor features two sets of solid oak pocket doors, a grand bay window, decorative oak cross beams with a fully rewired original light fixture, a classic marble and ornamental oak fireplace, and the original tall oak swing door leading to the kitchen. Upward, the stairwell landing is anchored by a breathtaking grand stained-glass bay window with a built-in oak bench, leading to a second floor complemented by an electric brass neoclassical fireplace. Beyond its magnificent architectural charm, the property has undergone rigorous capital improvements to ensure long-term efficiency and peace of mind. Critical mechanical enhancements include a brand-new boiler/furnace system (2024), complete professional basement asbestos abatement (2026), vinyl replacement windows (c. 2013), and an updated roof (c. 2009). The comprehensive 2013 electrical overhaul features six separate meters-allowing individual utility billing across the five distinct residential units alongside a dedicated common-area meter. Additional property updates include a modernized second-floor shower (2023), a replacement laundry dryer (2025), and on-site security camera hardware (2024, included as-is). Properties offering this caliber of preserved heritage, fully verified legal status, and extensive structural updating rarely come to market.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$799,920
Land Transfer Taxes$16,473
Legal Fees (Est.)
$
Total cash required for closing$217,953

Total Monthly Obligation

$4,936/mo
Mortgage $4,033
Monthly Loss $3,875
Principal$1,061
Interest$2,972
Property Tax$528
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.0%12
Cash-on-Cash
-13.0%0
5-Year IRR
5.4%12
10-Year IRR
7.1%
Returns Index
7.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$34,800/yr
NOI
$20,487/yr
Net Cash Flow
-$2,326/mo
Cash Margin
-80.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.424
LTV Ratio
80.0%18
Vacancy Buffer
2.0 mo30
Risk Index
17.4/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 22 Blake Street

Time

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